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Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
22.10.2021
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise...
Russian officials consider proposal to mine Bitcoin with associated gas
20.10.2021
Russian authorities continue to show increasing interest in cryptocurrencies as Bitcoin nears a new all-time high
The future of the vast oil and gas industry depends on blockchain
15.10.2021
Innovative oil and gas companies are leveraging blockchain, but the industry as a whole may be slow to adopt the technology
Too early to talk about using crypto for oil trading, says Putin
14.10.2021
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle
13.10.2021
Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3%...
Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz
11.10.2021
Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years
Ethereum's EIP-1559 Helped Coinbase Save ETH 27 on Daily Fees
6.10.2021
target="_blank" rel="noopener noreferrer" href="https://cryptonews.com/ext/coinbase/">Coinbase, the upgrade has also brought more direct benefits for users, with the exchange so far saving about ETH 27 – or USD 92,000 – on gas fees every day.After the implementation of the new Ethereum Im
Nordic Bitcoin Miners Face Double Challenge, But Industry Still 'Quite Optimistic'
5.10.2021
sis has already received widespread attention over the past month, with both natural gas and electricity prices soaring to new highs in a number of European countries.And although less impacted than countries further south on the continent, the rising prices are also felt in the Nordics, wher
Blockchain Game Launchpad Partners With Enjin for Accelerated Ecosystem Development
5.10.2021
PRESS RELEASE. SINGAPORE — EnjinStarter, a launchpad for blockchain games, has announced a strategic partnership with Enjin to accelerate growth of the Enjin ecosystem. EnjinStarter helps games and apps leverage Enjin’s non-fungible token (NFT) technology and infrastructure...
Salvadoran President Nayib Bukele Says Citizens Paying for Gas With the Chivo Wallet Will Get a Discount
3.10.2021
The Salvadoran president, Nayib Bukele revealed on Friday that Chivo wallet users will be able to get a discount on petroleum fill-ups at the largest gas stations in the country. Chivo wallet users paying for fuel will save $0.20 per gallon using the government’s crypto wallet. Salvadoran...
El Salvador Gov’t to Mitigate Against Fuel Price Crisis – Using its Bitcoin App
30.9.2021
rators had negotiated a deal with two fuel distribution companies, meaning that Chivo users could receive a discount worth USD 0.20 per gallon at petrol stations across the nation.Bukele wrote that the “state-owned company Chivo” had “negotiated with the largest gas station companies in the c
Polygon briefly overtakes Ethereum for active addresses after 330% surge
30.9.2021
Layer two aggregator Polygon has seen a 330% surge in active addresses over the past 3 months
DeversiFi Explains What Caused the USD 23M Transaction Fee on Ethereum
29.9.2021
coinciding with gas fee changes associated with the EIP-1559 upgrade in some circumstances can lead to transactions with extremely high fees.”
Bitfinex paid a colossal $23M fee to send $100K of USDT
27.9.2021
In what is presumed as a technical error, popular crypto exchange Bitfinex have paid a seismic $23.7 million dollars in gas fee for a comparatively nominal $100K transaction
Gas Station Simulator Is One Of Steam's Biggest Games Right Now, With Good Reason
17.9.2021
When I first booted up Gas Station Simulator, a game that’s spent the last week tearing up the Steam charts, my first thought was “Christ, this place is a dump!” At the start of the game, you inherit a derelict gas station from your uncle, who I’m pretty sure is gang affiliated. Your goal...
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion
16.9.2021
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small...
New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year
14.9.2021
Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since...
Ethereum Transfer Fees Drop From Recent Highs, L2 ETH Solutions Between 46-97% Cheaper
13.9.2021
At the end of August, Ethereum network gas costs skyrocketed and tapped a high of $59 per transaction on September 7, according to the average transaction fee spent on that day. The median fee for an ether transaction on September 7 was around $20 per transaction. Days later, ether transaction fees...
The Risk of Volatile Gas Fees and How to Solve It
13.9.2021
Living in risk and uncertainty is nothing new. We go about our lives knowing that certain accidents or misfortunes could happen, just as we know that we might get unseasonably lucky. We try to manage our risk as best we can, reducing it as much as we reasonably can, then learning to live with...
NFT sales and floor prices plummet as demand wanes and gas prices soar
9.9.2021
This week’s market-wide correction lead to a sharp decline in NFT sales as decreased demand for digital collectibles led to a drop in the floor price of most major projects